OOIR: Observatory of International Research

Papers

(The TQCC of Quarterly Review of Economics and Finance is 8. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-06-01 to 2025-06-01.)

Article	Citations
Irregularities in forward-looking volatility	143
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	104
Quantifying endogenous and exogenous shocks to financial sector systemic risk: A comparison of GFC and COVID-19	68
Rigidity in public contracts: Implications for renewal dynamics	67
Further evidence on long-run abnormal returns after corporate events	64
Effects of credit and labor constraints on microenterprises and the unintended impact of changes in household endowments: Use of threshold estimation to detect heterogeneity	64
An empirical comparison between a regression framework and the Synthetic Control Method	63
Trading strategies and the frequency of time-series	60
Comparing the performance and composition of tracking error constrained and unconstrained portfolios	60
ESG rating, rating divergence and investment efficiency: International evidence	51
FoMO in the Bitcoin market: Revisiting and factors	48
Are Cryptocurrencies and African stock markets integrated?	47
The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index	42
Do board size, institutional ownership and external auditors matter to market discipline in Indonesian banking?	42
Modeling the contagion of bank runs with a Markov model	42
The capital ratio and the interest rate spread: A panel threshold regression approach	41
Quality differentiation and optimal pricing strategy in multi-sided markets	39
Access-for-all to financial services: Non-resources tax revenue-harnessing opportunities in developing countries	37
Risk assessment of equity-based conventional and islamic stock portfolios	35
Decomposition of non-performing loans dynamics into a debt-servicing capacity and a risk taking indicators	34
The effect of financial distress on capital structure: The case of Brazilian banks	34
Term structure of equity risk premia in rough terrain: 150 years of the French stock market	33
Firm valuation with state dependent COD taxation	32
News-based economic policy uncertainty and financial contagion: An international evidence	31
The positive impact of investment subsidies on the economy with present-biased consumers	31

Capital requirements and banks performance under Basel-III: A comparative analysis of Australian and British banks	30
The sustainability factor in asset pricing: Empirical evidence from the Indian market	30
Do geopolitical risks and global market factors influence the dynamic dependence among regional sustainable investments and major commodities?	29
Moderating role of ESG disclosures and its impact on firm financial performance	29
Navigating the storm: Time-frequency quantile dependence and non-linear causality between crypto-currency market volatility and financial instability	26
Permanent inequality versus earnings instability and transmission of income shocks to consumption expenditure in India	26
Systemic importance of Chinese financial institutions based on the QC-ISAM-ARMA temporal network with coupling	25
The decline in stock exchange listed firms	24
Cross border flows, financial intermediation and interactions of policy rules in a small open economy	23
Firm-level business uncertainty and the predictability of the aggregate U.S. stock market volatility during the COVID-19 pandemic	23
Dissecting performance gains from export-induced marketing and technological investments: Revisiting learning by exporting in Indian manufacturing	22
US foreign investments: Technology transfer, relative backwardness, and the productivity growth of host countries	22
Editorial Board	21
Applications of fixed effect models to managerial risk-taking incentives	21
Are bond markets and bank credits complementary or substitutable? Evidence based on the rule of law and countries’ legal origins	21
Genetic diversity and income inequality: The case for Y-chromosome DNA diversity	20
Time-frequency co-movement and cross-quantile connectedness of exchange rates: Evidence from ASEAN+3 Countries	20
Editorial Board	20
Capital requirements and banks’ behavior: Evidence from bank stress tests	20
Tax clientele and share repurchase execution	20
Editorial Board	20
Mean--variance portfolio selection problem: Asset reduction via nondominated sorting	19
The COVID-19 pandemic and the degree of persistence of US stock prices and bond yields	19
A local volatility correction to mean-reverting stochastic volatility model for pricing derivatives	19
Social pension insurance and household risky asset investment: Evidence from China	19
Effect of poverty on financial development: Does trade openness matter?	18
On the time-varying responses of Fintech stock returns to geopolitical, financial and market sentiment shocks	18
Nationalization of the private sector labor force, quotas, matching and public jobs, an illustration with Saudi Arabia	18
Gender differences and time allocation: A comparative analysis of Egypt and Tunisia	18
Asymmetric effects of oil price shocks on the demand for money in Algeria	17
The forward premium anomaly and the currency carry trade hypothesis	17
A new measure of fund window dressing and its application to Chinese mutual fund market	17
Signaling through tests	17
Executive and non-executive employee ownership and bank risk: Evidence from European banks	16
Frequency domain quantile dependence and connectedness between crude oil and exchange rates: Evidence from oil-importing and exporting countries	16
The relationship between investment determinants and environmental sustainability: Evidence through meta-analysis	16
The sum of all SCARES COVID-19 sentiment and asset return	16
Geopolitical risks and tourism stocks: New evidence from causality-in-quantile approach	16
Do ESG disclosures mitigate investors’ reaction on mining disasters? Evidence from Brazil	16
Bank geographic diversification and market competition	15
Corporate debt and cash decisions: A nonlinear panel data analysis	14
Credit booms and crisis-emergent asset comovement: The problem of latent correlation	14
Macro-prudential policy, its alignment with monetary policy and house price growth: A cross-country study	14
Are dividend changes exploited in the equity market?	14
Asymmetric nexus between shadow economy and financial instability: Does institutional quality matter?	14
Analyzing the risks of an illiquid and global asset: The case of fine wine	14
Editorial Board	14
The effect of the evergrande bankruptcy on Chinese real estate listed firms	14
Does monetary policy favor the skilled? − Distributional role of monetary policy	14
Share pledge transactions as an investor sentiment indicator - Evidence from China	13

Hedging Uncertainty: Bitcoin's Asymmetric Diversification Benefits in Factor-Based Portfolios	13
Political patronage and banks’ leverage in the Middle Eastern and North African region: A new neural panel regression analysis	13
Shaken, stirred and indebted: Firm-level effects of earthquakes	13
Party direct control and corporate fraud: Evidence from China	13
Robbing a robber is not robbing	13
Does happiness forecast implied volatility? Evidence from nonparametric wave-based Granger causality testing	13
Unveiling dynamics: Financial performance determinants in the Ghanaian insurance industry	13
In search of hedges and safe havens during the COVID─19 pandemic: Gold versus Bitcoin, oil, and oil uncertainty	13
Deviating from full rationality but not from theoretical consistency: The behavior of inflation expectations in Brazil	12
Credit constraints and spillover effects of financial market liberalization: Case of Colombia	12
Asymmetric cyclical connectedness on the commodity markets: Further insights from bull and bear markets	12
Recessions and flattening of the yield curve (1960–2021): A two-way road under a regime switching approach	12
Exploring asymmetries in the effects of El Niño-Southern Oscillation on U.S. food and agricultural stock prices	12
How does credit information sharing shape bank loans?	12
Do emerging stock markets offer an illiquidity premium for local or global investors?	12
Uncertainty and gender inequality: A global investigation	11
Who needs cash? Digital finance and income inequality	11
Revisiting the nexus between house pricing and money demand: Power spectrum and wavelet coherence based approach	11
Segmentation, business environment and global informational efficiency of emerging financial markets	11
Family ties and firm performance empirical evidence from East Asia	11
Do geopolitical risk, economic policy uncertainty, and oil implied volatility drive assets across quantiles and time-horizons?	11
Uncertainty and daily predictability of housing returns and volatility of the United States: Evidence from a higher-order nonparametric causality-in-quantiles test	11
Persistence and long run co-movements across stock market prices	10
Financial inclusion and income distribution revisited: New findings	10
Decomposing the yield curve with linear regressions and survey information	10
Optimal inflation rate and fair wage	10
Do foreign investors deter corporate fraud? Evidence from China	10
Duration of membership in the world trade organization and investment-oriented remittances inflows	10
Customer concentration, managerial risk aversion, and hostile takeover threats	10
How does central bank transparency affect systemic risk? Evidence from developed and developing countries	10
Do more harm than good? The optional reverse charge mechanism against cross-border tax fraud	10
Asset redeployability and dividend payout policy	10
Erratum regarding missing declaration of competing interest statements in previously published articles	9
Conventional and unconventional shadow rates and the US state-level stock returns: Evidence from non-stationary heterogeneous panels	9
The role of international currency spillovers in shaping exchange rate dynamics in Latin America	9
Hedging demand and near-zero swap spreads: Evidence from the Chinese interest rate swap market	9
Pathways to self-sufficiency in the microfinance ecosystem	9
Green bonds: A demographic study of Retail Investors in India	9
Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition	9
The performance of bidding companies in merger and acquisition deals: An empirical study of domestic acquisitions in Hong Kong and Mainland China	9
Financial contagion dynamics from the US to the PIIGS amidst the global financial crisis	9
On the benefits of active stock selection strategies for diversified investors	9
Make or buy for public services: Culture matters for efficiency considerations	9
The transmission of targeted monetary policy to bank credit supply	9
Import penetration and workplace safety	9
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	9
Political connections, investment inefficiency, and the Indian banking crisis	9
NFTs versus conventional cryptocurrencies: A comparative analysis of market efficiency around COVID-19 and the Russia-Ukraine conflict	9
When are busy boards beneficial?	9
Uncertainty matters in US financial information spillovers: Evidence from a directed acyclic graph approach	9
Sentiment-return relation and stock price synchronicity: Firm-level versus market-level sentiment	9
Markowitz portfolios under transaction costs	8
The effects of countercyclical leverage buffers on macroeconomic and financial stability	8
Impact of a new regulatory policy on thematic and monthly distribution funds in Japan	8
Asymmetry in inflation persistence under inflation targeting	8
Does CEO general managerial ability matter in M&A voting?	8
Are impact and financial returns mutually exclusive? Evidence from publicly-listed impact investments	8
Nexus of Corporate Social Responsibility Expenditure (CSR) and financial performance: Indian banks	8
Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment	8
Money demand function with time-varying coefficients	8
The association between financial market volatility and banking market structure	8
Erratum regarding missing Declaration of Competing Interest statements in previously published articles	8
Time-varying dependence of Bitcoin	8
Natural disasters and bank liquidity creation in Sub-Saharan African countries: Evidence from banks panel data	8